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Yet another wrong turn by City Link has left its owner Rentokil Initial £50.5
million in the red.

The future of the division that has been blighting the group’s results for
four years is now far from certain because Rentokil’s boss has given it only
four months to shape up.

Four months ago City Link appeared to have turned a corner. In an update to
City investors, Rentokil’s chief executive Alan Brown had talked of the
courier firm’s revenue projections in the fourth quarter having “increased
significantly” and said that financial performance would show an improvement.